India Enters New Golden Age of Manufacturing : Tata Group Chairman N Chandrasekaran announced that India is entering a new golden age of manufacturing with the group planning to create 500,000 jobs in the manufacturing sector over the next five years. The announcement was made during his New Year message to employees, where he highlighted the group’s achievements and shared insights about global challenges and opportunities.
A Look at 2024: Challenges and Opportunities.
Chandrasekaran began his annual address by describing 2024 as “another unpredictable year”. Speaking on the global scenario, he referred to persistent geopolitical instability marked by military conflicts in Ukraine, Gaza and Sudan, as well as worsening humanitarian crises in regions such as Europe, West Asia and Africa.
He also pointed to important citizen-led movements in countries such as Bangladesh and South Korea that have shaped domestic and international policy debates.
Global economic and political impact.
Addressing macroeconomic and political dynamics, Chandrasekaran emphasised the impact of political changes on immigration, technology policies and global trade. He highlighted the resurgence of tariffs as a central issue for global leaders, influencing economic strategies across the world.
Tata Group’s vision for growth.
Despite global uncertainties, Chandrasekaran expressed his optimism about India’s manufacturing potential, terming it a “golden age”. He said Tata Group has an ambitious plan to create 500,000 manufacturing jobs in the next five years, indicating the company’s commitment to expanding operations across sectors.
Currently employing over 1.028 million people, Tata Group is set to play a key role in driving India’s industrial growth and job creation
